Broken Arrow Municipal Authority
Meeting of: November 4, 2025
Title:
title
Approval of and authorization to execute Resolution No. 1718, a Resolution authorizing the City Manager to take all appropriate actions for the participation, release, and settlement of proposed Discover Class Action Settlement on behalf of the Broken Arrow Municipal Authority
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Background:
Discover Financial Services, DFS Services LLC, and Discover Bank (together “Discover”) have been sued in three related lawsuits in the United States District Court for the Northern District of Illinois. The lawsuits allege Discover misclassified certain Discover-issued consumer credit cards as commercial credit cards, resulting in merchants incurring excessive interchange fees. Although Discover contests the allegations, Discover has agreed to settle the lawsuits to avoid further litigation. The Broken Arrow Municipal Authority has received a Court-Approved Claim Forms identifying BAMA as an eligible Settlement Class Member. Resolution No. 1718 authorizes the City Manager, or his designee, to take all appropriate actions for participation, release, and settlement in the Discover Class Action Settlement on behalf of the Broken Arrow Municipal Authority.
Cost: N/A
Funding Source: N/A
Requested By: Trevor Dennis, City Attorney
Approved By: City Manager’s Office
Attachments: Resolution No. 1718
Recommendation:
recommend
Approve and authorize the execution of Resolution No. 1718.
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